The Most Difficult and Complicated Business Organization to Create Is

question 35

Multiple Choice

The most difficult and complicated business organization to create is the:

• A) sole proprietorship.
• B) partnership.
• C) limited partnership.
• D) corporation.
• E) limited liability partnership.

---

Definitions:

Profit

The difference between the amounts received from customers for goods or services provided and the amounts paid for the inputs used to provide the goods or services.

Direct Materials Cost

The expense associated with raw materials directly incorporated into a finished product.

Break-even Point

Break-even Point is the financial analysis term that indicates when total costs and total revenues are exactly equal, resulting in neither profit nor loss.

Mixed Costs

Costs with both variable and fixed characteristics, sometimes called semivariable or semi-fixed costs.